Chapter Revicn Problems Tax Return Problem - Decision Making Communications Jane Smith, age 40, is single and has no dependents. She is She owns and operates Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive. Jane is a material participant in the business. She is a cash basis taxpayer. Jane lives at 2020 Onkcrest Road, Boca Raton, FL 33431 Jane's Social Security number is 123-45-6789. Jane indicates that she wants to designate $3 to the Presidential Election Campaign Fund Jane had health insurance for all months of 2016. During 2016, Jane hnd the following income and expense items: H&R BLOCK employed as a legal secretary by Legal Services. Inc. TAX SOFTWARE $100,000 salary from Legal Services, Inc. b. $20,000 gross receipts from her typing services business. c. $700 interest income from Third National Bank d. $L.000 Christmas bonus from Legal Services, Inc. e. $60,000 life insurance proceeds on the death of her sister. f $5,000 check given to her by her wealthy aunt. $100 won in bingo game. h. Expenses connected with the typing service Olfice rent Supplies Ulilities and telephone Wages to part te typi Payroll laxes Cquipmerd terials $7,000 4400 4,680 5,000 500 3.000 1 59.500 interest spense on s home montgogs (peid to San Jose Savings and Los) $15,000 fair mnrket value of silverwarn stolen from her home by-bugler on October 12.2016. Jene had prid $14.000 fer the siverwaze en July 1 2007. She was reimbursed $1500 by her insurence company Jane had loaned $2.100 to n friend. Joen hensen, on lune 3, 2013. loan declared bankruptey on August 14,.2016, and wes unsble to tepsy che losn. Assume that the Chapter Revicn Problems Tax Return Problem - Decision Making Communications Jane Smith, age 40, is single and has no dependents. She is She owns and operates Typing Services located near the campus of Florida Atlantic University at 1986 Campus Drive. Jane is a material participant in the business. She is a cash basis taxpayer. Jane lives at 2020 Onkcrest Road, Boca Raton, FL 33431 Jane's Social Security number is 123-45-6789. Jane indicates that she wants to designate $3 to the Presidential Election Campaign Fund Jane had health insurance for all months of 2016. During 2016, Jane hnd the following income and expense items: H&R BLOCK employed as a legal secretary by Legal Services. Inc. TAX SOFTWARE $100,000 salary from Legal Services, Inc. b. $20,000 gross receipts from her typing services business. c. $700 interest income from Third National Bank d. $L.000 Christmas bonus from Legal Services, Inc. e. $60,000 life insurance proceeds on the death of her sister. f $5,000 check given to her by her wealthy aunt. $100 won in bingo game. h. Expenses connected with the typing service Olfice rent Supplies Ulilities and telephone Wages to part te typi Payroll laxes Cquipmerd terials $7,000 4400 4,680 5,000 500 3.000 1 59.500 interest spense on s home montgogs (peid to San Jose Savings and Los) $15,000 fair mnrket value of silverwarn stolen from her home by-bugler on October 12.2016. Jene had prid $14.000 fer the siverwaze en July 1 2007. She was reimbursed $1500 by her insurence company Jane had loaned $2.100 to n friend. Joen hensen, on lune 3, 2013. loan declared bankruptey on August 14,.2016, and wes unsble to tepsy che losn. Assume that the